Canaccord Genuity Group Reaffirms “Buy” Rating for WH Smith (LON:SMWH)

WH Smith (LON:SMWH)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity Group in a report released on Monday, MarketBeat reports. They presently have a GBX 1,469 ($18.82) price objective on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 26.86% from the company’s current price.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 1,600 ($20.49) target price on shares of WH Smith in a report on Wednesday, June 5th.

WH Smith Price Performance

LON SMWH opened at GBX 1,158 ($14.83) on Monday. WH Smith has a fifty-two week low of GBX 1,069 ($13.69) and a fifty-two week high of GBX 1,569 ($20.10). The stock’s 50-day moving average is GBX 1,147.44 and its two-hundred day moving average is GBX 1,220.80. The company has a debt-to-equity ratio of 326.20, a current ratio of 0.64 and a quick ratio of 0.42. The firm has a market cap of £1.52 billion, a P/E ratio of 2,363.27, a price-to-earnings-growth ratio of 2.65 and a beta of 1.61.

Insider Activity

In other news, insider Annette Court purchased 900 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was purchased at an average price of GBX 1,110 ($14.22) per share, with a total value of £9,990 ($12,796.21). 1.80% of the stock is currently owned by company insiders.

WH Smith Company Profile

WH Smith PLC operates as a retailer in the United Kingdom and internationally. It operates in two segments, Travel and High Street. The Travel segment offers news, books, and convenience for travelling customers. It operates stores in airports, hospitals, railway stations, and motorway service areas.